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Author Question: Gunnar Company gathered the following reconciling information in preparing its September bank ... (Read 43 times)

Coya19@aol.com

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on: Jul 5, 2018
Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation.Calc ulate the adjusted cash balance per books on September 30. Cash balance per books, 9/30 2,750 Deposits in transit 200 Notes receivable and interest collected by bank 630 Bank charge for check printing 50 Outstanding checks 1,250 NSF check 290
 a. 5,130.
  b. 3,690.
  c. 3,040.
  d. 1,590.

Question 2

Stanton Corporation sold a 10-year, 1,000, zero-interest bond when the market rate of interest was 7. The present value of the principal is ________.
 
  A) 508.35
  B) 700.00
  C) 1,000.00
  D) 1070.00


juliaf

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Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

A


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